
CHICAGO, Feb 19 (Reuters) - Chicago Board of Trade corn futures seesawed and ended slightly lower on Thursday, driven by tight corn supply.
U.S. farmers, punished by slumping prices after last year's huge corn harvest, are expected to reduce their plantings of the grain in 2026 as they brace for a fourth straight year of narrow profit margins or even losses.
The U.S. Department of Agriculture forecasted corn plantings at 94.0 million acres, well below the 94.9 million acres expected by analysts and the 98.8 million harvested this year.
Growers face difficult decisions this year due to a global supply glut, weak crop prices and rising costs for inputs such as seeds and fertilizer. U.S. farm income is projected to drop 0.7% despite near-record government payments, which are expected to account for nearly 29% of producers' revenue.
Low corn prices and ample supplies following a record U.S. crop in 2025 were expected to discourage growers from expanding plantings this year, although good demand from exporters and ethanol biofuel makers will likely limit a steeper decline, analysts said.
CBOT March corn CH26 settled 1-1/4 cents lower at $4.25-3/4 per bushel.